Apple, Amazon, Netflix Rise After Earnings

On this episode of stock movers,

• Apple (AAPL) shares rise slightly after the company delivered mixed results in the latest quarter, including a surprise sales decline in China, tempering investor excitement for what promises to be a busy holiday season. Though the company’s total revenue topped analysts’ estimates in the September quarter, iPhone supply constraints weighed on results — especially in China. The good news: Apple expects to bounce back sharply in the current period, with growth returning to China and overall sales rising at a faster-than-anticipated clip.
• Amazon (AMZN) shares climb after they posted bust cloud growth that reassured investors that the tens of billions of dollars the company and its peers are pouring into artificial intelligence will pay off. In the third quarter, Amazon Web Services generated $33 billion in revenue, a 20% increase from a year earlier, the company said in a statement on Thursday.
• Netflix (NFLX) shares rise after the streaming giant’s board approved a ten-for-one forward stock split to reset its share price to a range that will be more accessible to employees in its option program.

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